This Is Why You Should Own High-Quality Gold Miners

This Is Why You Should Own High-Quality Gold Miners

A long list of companies ranging from cruise ship operators to retail chains to airlines to restaurants are on life support. Many others (we’re looking at you, IBM) have spent billions buying back their own stock with borrowed money and now, even if they survive, look...
Another Massive Deficit With More Spending Coming Down the Pike

Another Massive Deficit With More Spending Coming Down the Pike

The US is heading for economic lockdown as the impact of the coronavirus grows. To cope with the crisis, President Trump has promised fiscal stimulus. The actual plan remains unclear, but the Trump administration has floated a reduction in payroll taxes, along with...
Luongo: Oil Unimpressed with OPEC Production Cut

Luongo: Oil Unimpressed with OPEC Production Cut

For a long time, I’ve been handicapping the end of OPEC’s ability to set oil prices.  With each passing year the cartel has had a harder time pushing prices where it wanted or, in some cases, needed them to go. The actions of the Trump administration to push domestic...